Dear Seniors,
I have a query regarding calculation of privilege /earned leave encashment in Full & Final settlement.
In our company privilege/earned leaves are credited twice in a year January & July. Hence while calculating the encashment amount in FFS for resignees should we include only the leaves credited to the resignees as on January/July or all the leaves earned by the employee's upto his/her last working day.
Guidance on the same will be highly appreciated.
Thank you.
From India, Mumbai
1I have a query regarding calculation of privilege /earned leave encashment in Full & Final settlement.
In our company privilege/earned leaves are credited twice in a year January & July. Hence while calculating the encashment amount in FFS for resignees should we include only the leaves credited to the resignees as on January/July or all the leaves earned by the employee's upto his/her last working day.
Guidance on the same will be highly appreciated.
Thank you.
From India, Mumbai
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PF Circular for No PF in Encashment of Leaves.pdf
PF Deduction_Leave Encashment.doc